Reports: Cowboys restructure Tony Romo's contract, save $12.8 million
The Dallas Cowboys have restructured quarterback Tony Romo's contract in order to save $12.8 million in cap space, according to multiple reports.
Darin Gantt of ProFootballTalk notes that the amount of money the Cowboys will save is nearly identical to Adrian Peterson's salary, but Yahoo's Charles Robinson reports that the Cowboys do not plan to use the cap space to acquire the Minnesota Vikings running back.
[daily_cut.NFL]A portion of Romo's salary will be converted to a signing bonus, which be spread out on the cap across the remaining years of his contract.
Romo will still be paid the same amount of money in 2015. The restructuring is just an accounting trick to create more cap space in the present at the expense of future years.
Before the restructuring, Romo would have had a $27.773 million cap hit, the highest in the NFL, according to the Dallas Morning News.
- Dan Gartland